Paper record of electricity meter readings.
The can has two parts - an outer cup which contains the inner metal cylinder.
The inner cylinder is recessed to avoid the paper record being damaged aginst the walls of the outer cup, and also forms the lid of the container with 'Meter Record' printed on the end.
This was probably used at a distribution facility or industrial location, as it is doubtful such a thing would have been used or required at a domestic premises.
Midland Electric Corporation for Power Distribution Limited, Toll End Road, Tipton.